Firm Prevails in Breach of Contract and Securities Fraud Trial

E. B. (Chip) Chiles IV, John E. Tull III, and R. Ryan Younger recently represented investors accused of breaching a multimillion-dollar contract to invest in a nutritional-supplement business in California.  A federal jury in Los Angeles not only rejected the claim for over $21 million against the investors but awarded the investors $5 million in compensatory and punitive damages for securities violations and fraud by the party who sued them.  The court later awarded the investors over $1.3 million in prejudgment interest and over $800,000 in attorneys’ fees and costs.  In 2024, Mr. Chiles orally argued the appeal in the U.S. Court of Appeals for the Ninth Circuit, which affirmed the judgment for over $7.1 million in his clients’ favor two weeks later.